difference Between Cost Accounting and Financial Accounting?
- 56 Answers
- 147575 Views
- AJL, Amity, College School Exams Tests, IILM, Saga, Unilever, I also Faced
- E-Mail Answers
Answer Posted / g.satheesh kumar
Cost accounting is a branch of financial account.but now
its as a profession of own rights.Cost accounting is
systmatic recording the transaction. finacial accounting
providing profit and loss account and balance sheet to
present the management. But Modern management needs much
more details. So, cost accounting provided detailed
information to management of separate department ,
product , etc.
Mainly finacial account supplied statement of Profit &
loss account and balance sheet for outsiders.
And Cost accounting supplied statment of cost of product and
departmnet.
| Is This Answer Correct ? | 5 Yes | 5 No |
Post New Answer View All Answers
What are the different measures of economic growth?
How Does An Expense Affect The Balance Sheet?
What do you mean by return on assets?
How is SLR determined? What is the Need of SLR?
Who is the Governor, Chief Minsiter and Other Ministers of Your State (Like Education, Tourism Ministers)?
What is moratorium?
Tell me about your financial condition
What is the difference between our checking and savings account products?
Explain About Openpages?
In how many parts 'tax revenue' is divided?
What was the meaning of that sensex futures and options?
what is the short cut to select the credit note voucher in Tally ERP 9?
What is the scope of finance function?
What Is Loan Management System?
A nationalized bank is also called as?
